AEAE-STUDY FINDS THAT IN ORDER TO STOP FORCLOSURES LOOK TO CIVIL RICO AND THE PROVISIONS OF THE SARBANES-OXLEY ACT OF 2002
CHICAGO-(AEAE)-IT IS ESTIMATED THAT THERE COULD BE AS HIGH AS 5 million foreclosures this coming year of 2010. Although the President Obama give lip service to assisting people in foreclosure, the president is really helpless to assist parties who are losing their homes as a result of predatory lenders who may have also engaged in violations of the Civil Racketeering Act and violations of the Sarbanes-Oxley Act of 2002. The Americans for the Enforcement of Attorney Ethics (AEAE) is releasing some guide lines for assisting victims of predatory lenders. Especially in States like Arizona that does not even mandate a court foreclosure process. All a “Trustee” has to do in Arizona to foreclose in Arizona is to mail a notice to a party then conduct a public auction. Arizona is a slaughter house for home owners who purchased properties with the assistance of the predatory lenders like Country Wide, which is now owned by Bank of America. Bank of America also owns the company that does the actual foreclosures. Consequently, according to a recent lawsuit filed against Bank of America charging them with Civil Racketeering Scheme for making available through Country Wide predatory loans, forcing home owners into foreclosure and then profiting on the foreclosures through their alleged “shell” company Reconstruct Company.
EQUAL JUSTICE PARTY
Help the Equal Justice Party www. equaljusticeparty.org a registered political party in Illinois, support conservative candidates and endorses AEAE. Contribute today!